​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

 

Owned 

Owned 

 

assets 

assets 

 

Owned 

available to

Owned 

available to

  ​ ​ ​

assets

  ​ ​ ​

be leased

  ​ ​ ​

Total

  ​ ​ ​

assets

  ​ ​ ​

be leased

  ​ ​ ​

Total

 

amounts in thousands

 

Land

 

$

19,333

47,500

66,833

 

18,583

22,891

 

41,474

Buildings and improvements

 

 

281,657

531,521

813,178

 

281,420

481,276

 

762,696

Leasehold improvements

 

 

102,281

70,405

172,686

 

85,293

67,863

 

153,156

Furniture and equipment

 

 

190,249

17,985

208,234

 

183,971

9,850

 

193,821

Construction in progress

 

 

1,493

3,606

5,099

 

6,865

3,791

 

10,656

Property and equipment, at cost

$

595,013

671,017

1,266,030

 

576,132

585,671

 

1,161,803

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Mar 3, 2025
2023Feb 29, 2024

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.